Ofi Invest Asset Management Reduces NVIDIA Stake in Latest 13F Filing

Ofi Invest Asset Management Reduces NVIDIA Stake in Latest 13F Filing

In its latest SEC 13F filing, Ofi Invest Asset Management disclosed a reduction in its holdings of NVIDIA (NASDAQ: NVDA), a leading player in the electronics industry. The firm sold approximately 146,240 shares of NVIDIA during the most recent quarter, maintaining its position size at 4.52% of its overall portfolio. This move comes amidst a period of heightened interest in semiconductor stocks, particularly those tied to AI and advanced computing.

Details of the Trade

The reduction in NVIDIA shares resulted in a market value adjustment of the holding to $568.72 million. Despite the sale, NVIDIA remains a significant part of Ofi Invest Asset Management's portfolio. Interestingly, the percentage allocation to NVIDIA in the portfolio remained unchanged at 4.52%, indicating that the portfolio's overall size might have shifted as well.

As of the filing, the institution owns approximately 0.01% of NVIDIA's total outstanding shares. This suggests that while the reduction was notable, the firm still holds a meaningful stake in the electronics giant, which has been a key player in the booming AI and semiconductor sectors.

Why is Ofi Invest Asset Management Adjusting its Position in NVIDIA?

The decision to trim NVIDIA shares could be influenced by profit-taking strategies, given NVIDIA's substantial stock price appreciation in 2023. Additionally, portfolio rebalancing to diversify risk or allocate capital to other opportunities might have driven this move. Investors often monitor such adjustments to gauge institutional sentiment toward high-growth stocks like NVIDIA.

How Much of NVIDIA Does Ofi Invest Asset Management Own?

Following the sale, Ofi Invest Asset Management holds $568.72 million worth of NVIDIA shares, equating to 0.01% of the company’s total outstanding shares. This positions the firm as a minor but still relevant institutional stakeholder in NVIDIA.

Portfolio Impact

With NVIDIA now accounting for 4.52% of Ofi Invest Asset Management's portfolio, the stock remains a cornerstone of the firm's investment strategy. However, the recent reduction could signify a cautious approach to managing exposure to the volatile electronics sector, which has seen significant market movements driven by macroeconomic factors and technological advancements.

For more details on Ofi Invest Asset Management's portfolio and historical 13F filings, view their full real-time portfolio here.